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Unformatted text preview: Chapter 03 - Managerial Decision Making Chapter 03 Managerial Decision Making True / False Questions 1. (p. 88) Managers often ignore problems. TRUE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Easy Learning Objective: 1 2. (p. 89) Managers typically face ill-structured problems, leaving the decision maker uncertain about how to proceed. TRUE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Easy Learning Objective: 1 3. (p. 89) Bill Simmons is the manager of a small restaurant and must decide how much money he owes his suppliers. This is an example of a non-programmed decision. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Application Difficulty: Easy Learning Objective: 1 3-1 Chapter 03 - Managerial Decision Making 4. (p. 89, Table 3.1) Programmed decisions are useful when there is no predetermined structure on which to rely. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 1 5. (p. 90) Risk is not a fact of life in management decisions. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Easy Learning Objective: 1 6. (p. 90) According to research, managers prefer uncertainty to certainty because it makes the job more challenging and interesting. FALSE AACSB: Group/individual dynamics Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 1 7. (p. 91) Conflict exists when the manager must consider opposing pressures from different sources. TRUE AACSB: Group/individual dynamics Blooms taxonomy: Knowledge Difficulty: Easy 3-2 Chapter 03 - Managerial Decision Making Learning Objective: 1 3-3 Chapter 03 - Managerial Decision Making 8. (p. 92) In the fourth state of decision making, problem diagnosis is linked to the development of alternatives. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Knowledge Difficulty: Medium Learning Objective: 2 9. (p. 92-93) Choosing a ready-made alternative is takes less time than designing a custom-made solution. TRUE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 2 10. (p. 93) Contingency plans are best developed following the final stage of decision making-- evaluating the decision. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 2 11. (p. 95) Satisficing is achieving the best possible outcome. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Knowledge Difficulty: Easy 3-4 Chapter 03 - Managerial Decision Making Learning Objective: 2 12. (p. 96) Those who implement a decision must understand the choice and must be committed to it. ...
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